Press releases
15 MAY Interim statement by the manager for the period 01/01/2012 - 31/03/2012
Net current profit for Q1 2012 of 11.1 million euros or nearly 15% more than Q1 2011
Expected net current profit for 2012 of at least 50 million euros after closing of the acquisition of the Lake Side Portfolio
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03 MAY Publication of the received notification in accordance with article 14 of the law of 2 May 2007 concerning the publication of major participations (the “Transparency Act”)
Publication of the received notification in accordance with article 14 of the law of 2 May 2007 concerning the publication of major participations (the “Transparency Act”)
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26 APR Reference shareholder Jos De Pauw family supports the optional dividend for 100% of its participation after transfer of shares
The Jos De Pauw family of Merchtem, reference shareholder of WDP with a participation of more than 30% , sold today, April 26, 2012, through a direct sale, 240,000 shares, representing 1.8% of the total WDP shares, to an institutional investor.
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25 APR Conditions concerning the optional dividend
The manager’s Board of Directors of closed-end real estate investment company WDP (Euronext: WDP) decided to offer this year once again the optional stock dividend to the shareholders. The shareholders were informed today at the General Meeting about the specific conditions of the optional dividend, of which the issue price and the term of acceptance. After that, the General Meeting approved the dividend for 2011.
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25 APR WDP finalises acquisition of ‘Lake Side Portfolio’. Investment value of the Dutch portfolio climbs to more than 300 million euros.
Closed-end real-estate investment company Warehouses De Pauw (Euronext: WDP) has signed yesterday, April 24th 2012, the final purchase agreement (after completion of the due diligence) for the acquisition of the property portfolio of a Dutch construction company known as the ‘Lake Side Portfolio’. With this acquisition, WDP acquires 8 brand new, superior quality sites with a gross lettable area of 150,000 m², of which have long-term lease contracts with an average duration of 12.5 years. The investment budget amounts to 105 million euros, which delivers an initial rental yield of 7.8%. The acquisition is part of WDP’s growth strategy and represents a substantial expansion of the Dutch portfolio of which the investment value climbs to more than 300 million euros.
With the closing of this transaction, WDP increases its expectation of the net current profit for 2012 to at least 50 million euros. Furthermore, WDP strengthens its cooperation with ABN AMRO in The Netherlands through an expansion of the financing package with 20 million euros.
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